The Seoul government has taken a major step forward in the development of the metaverse by launching “Metaverse Seoul.”
This public metaverse project, led by the city’s mayor, Oh Se-hoon, is designed to allow citizens to interact with virtual representatives of the government in order to handle civil complaints and consultations.
The program, which is set to be open to the public in 2023, will include services such as a fintech lab, a corporate support center, and the city’s top 10 tourist attractions.
It will reportedly also facilitate a youth mentoring counseling room, civil service counseling, and tax services.
This move by the Seoul government is just one example of how countries around the world are working to drive the adoption of the metaverse.
Studies have projected that the market for the metaverse could reach $1 trillion by 2030 if mass adoption occurs. Currently, the market cap of metaverse tokens is around $12.1 billion, according to CoinMarketCap.
Other countries are also taking steps towards the adoption of the metaverse. For example, the city of Seongnam in South Korea has announced plans to create a digital copy of the city, providing citizens with access to municipal information and services using NFT identification.
In addition, the small island nation of Tuvalu has announced plans to become the world’s first digital nation, in order to preserve its history and culture in the face of rising sea levels.
Overall, the metaverse is rapidly becoming an important tool for communication and access to services, and it is likely that we will see more and more governments and organizations embrace this technology in the coming years.